Charles Taylor Share Discussion Threads

[simon gordon] 19/8/2010 06:10

Daily Mail - 19/8/10:

A shock profits warning left insurance consultant Charles Taylor in the dog-house at 173.5p, down 60p. Weak public sector demand hit interim profits and full-year earnings will now not meet market expectations.

Altium Securities slashed its target price to 209p from 308p and reduced its earnings per share forecast to 22.4p from 30.8p.

[pugugly] 18/8/2010 18:00

Even the House Broker is putting the boot in..

Charles Taylor Consulting cut to hold from buy at house broker Altium, TP 209p down from 308p. StockMarketWire.com

Hold (imo) from the House Broker probably means SELL.

[pugugly] 18/8/2010 14:37

Brucie5 and sg:> Thanks. Must do some more digging when I have time. Need to learn ore about the business.

[simon gordon] 18/8/2010 10:17

Hurricanes have been docile this season, which is a negative.

Axiom deal looks to be have been a dud.

If profits go backwards is it likely they'll need to trim the dividend?

Looks probable it'll head to 160p and break that low.

[brucie5] 18/8/2010 10:04

Yes, I bought a holding in these on behalf of an income trust for a beneficiary. Largely on the advice on Michael Walters (!!), also liking what I could see of the dividend and story. The dividend is still of interest to me, and I note that they have not cut it, so I'm not rushing for the exit. That said, the momentum has clearly gone now, and I await a new analysis of the business. Interested to hear any further views here.

[pugugly] 18/8/2010 08:59

20% hit - Market does not like the results. Ex Growth ? Anyone following ?

[daz] 18/6/2010 10:04

Agree Saucepan, it's an attractive combination of high yield and a growing business, with a favourable chart. Maybe not as spectacular as other stocks but all seems to be going in the right direction.

[saucepan] 18/6/2010 08:50

What attracted me:

Rolling P/E 1 = 8.45
Rolling PEG 1 = 0.32
Rolling Yield 1 = 6.6%
Market Cap = £90 million

The Company has been growing turnover steadily but significantly since at least 2003 (as far back as my ShareScope data goes). EPS dipped in the period 2007 to 2009, but the 2010 forecast, if met, will be a record, with further strong EPS growth after that forecast for 2011 and 2012.

The share price now seems to have momentum from a support level, and I do not see why it could not quickly chase back to plus 400p levels, which have been reached twice previously, on less impressive figures than those cited above.

[saucepan] 10/6/2010 07:37

Hi Folks

Joined you long today.

[old father time] 08/4/2010 21:35

Daz,

You only get two dividends. The first of your three you pay for when you buy the shares. The price will fall by the amount of the dividend when the share goes "ex div".

[daz] 08/4/2010 10:28

Yes I didn't make it clear at all, what I meant to say is that if you hold for a year and a week, then you'll receive 2 finals, i.e. 9 + 5 + 9 = 23. It goes ex dividend on the 14th April (next Wednesday)

[evox] 07/4/2010 18:20

Daz - the dividend is 9.01p. Where do you get 23p from?

[daz] 06/4/2010 20:52

Bought in for the first time today. It looks a good combination of safe yield, a low PE and a growing business. The shares also look to have scope to be re-rated, given that they were trading at the 400p level 3 years ago, when EPS was lower than the forecast for this year and as the company has been consistently profitable.

You also get 23p in dividends buying in before the 16th, so it looks a far better alternative to cash.

[golspie] 11/3/2010 12:53

Is that individuals holding directors? i am in this for the yield, but the tightly held element gives me comfort.

[1nf3rn0] 09/3/2010 16:08

looks like it could be breaking out again

[shroder] 22/2/2010 16:21

Breaking out from consolidation area, stock held tightly.

[shroder] 13/2/2010 13:27

n/p oilbethere,

I have checked the RNS's announcements since the 15th Jan, not much change although BT seem to be trading 1% of their holding backwards and forwards.

I suspect some of the smaller non notifiable holders have sold part holdings to fill the take up from Aviva.

Updated from the original register:

[oilbethere] 12/2/2010 19:59

Thanks Shroder

It hasn't taken much time for Aviva to increase holding by 11%. Somewhat surprised that share price hasn't been a bit sparkier. Even my smallish buys have affected the share price That's MMs for you I suppose.

[shroder] 12/2/2010 15:00

Reply back but unfortunately a month old, it shouldn't be too hard to add/delete the last months holdings RNS though.

______________________________________________________________________________

INVESCO Asset Management Limited Jan 28 2010 5725 14.29
Delta Lloyd Asset Management N.V. May 11 2009 5632 14.06
Individuals 3622 9.04
Columbia Wanger Asset Management, L.P. Mar 30 2009 2879 7.18
Legal & General Investment Management Ltd. (UK) Aug 11 2009 2036 5.08
AXA Framlington Investment Management Ltd. May 6 2009 1949 4.86
Aviva Investors Global Services Limited 1691 4.22
M & G Investment Management Ltd. Mar 30 2009 1481 3.69
Holden (Philip) Mar 30 2009 1220 3.04
Brannon (Andrew) Mar 30 2009 1220 3.04
Hermes Fund Managers Limited Jan 28 2010 1027 2.56
Ruffer LLP 908 2.26

[shroder] 12/2/2010 10:26

Aviva now at 15.61% combined interest; just dropped the company an email to get an up to date holdings list.

[shroder] 05/2/2010 13:12

Pushing thru 200/210 resistance - wont take much.

[shroder] 03/2/2010 11:33

Looks like some of the holders are taking sizeable stakes, Invesco at 14% as of last week -

[old father time] 23/1/2010 23:20

I've followed this from a distance for some time and am becoming confused by what is going on.

The effect of the minority interest in the run-off insurer is one thing but why haven't the "record revenues and operating profits for the Adjusting division" flowed straight through to the bottom line? The 2008 accounts show that adjusting accounted for around 50% of turnover. If half the business is doing well yet the overall result is below expectations there must be issues elsewhere - "slightly weaker than anticipated result from our other divisions" doesn't really seem enough of an explanation. Particularly so given that the bulk of the "other divisions" is the historically core mutual management business which is so stable it's almost like an annuity.

[v11slr] 22/1/2010 10:08

Covered 1.6 times and only a marginal miss so I'd doubt it.